Heritable Bank buy-to-let mortgage among changes

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Heritable Bank buy-to-let mortgage among changes

The Heritable Bank buy-to-let mortgage, self-certification, semi-commercial and status products have seen changes in their two-year fixed-rates.

Deals with a loan to value of up to 75 per cent will see their rates reduced by ten basis points.

A larger reduction of 25 points will be applied to any packages that come with a loan to value level higher than 75 per cent.

On products that charge no redemption penalties beyond the two-year fixed period, rates will begin at a level 5.49 per cent.

Schemes that charge extended redemption penalties, however, will see their fixed-rate commence at 4.74 per cent.

Announced changes in the Heritable Bank buy-to-let mortgage and other deals will come into effect on February 20th and resultantly end dates for the fixed periods have been adjusted to May 1st 2008.

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